http:\/\/coin-graph.website\/?p=454<\/a> of the Algorand ecosystem,\u201d the report said.<\/p>\nThe organization noted that the debt of Hodlnaaut is less than 3% of the total assets of Algorand Foundation. According to the statement, the situation does not entail operating risks and will not cause \u201cliquidity problems\u201d.<\/p>\n
Most of the debt falls on short -term deposits. The structure lost access to them when on August 8, 2022 the landing platform suspended the withdrawal of funds and operations with tokens.<\/p>\n
On August 13, the company requested a trial in Singapore to stabilize the financial situation. The step was explained by the desire to avoid the forced elimination of user assets in Bitcoin and Ethereum.<\/p>\n
The platform also fired 80% of its employees to reduce expenses.<\/p>\n
Gucci Makes a Foray <\/p>\n
Recall that at the end of the same month, Hodlnaaut reported a \u201chole\u201d in the balance of $ 193 million. The company placed customer funds in the Anchor Protocol Terra ecosystem. After the collapse of the latter, she suffered losses of $ 189.7 million.<\/p>\n
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hodlnaaut’s cryptolending platform owed Algorand Foundation $ 35 million Hodlnaaut’s cryptolending platform owed the Algorand Foundation $ 35 million in USD Coin (USDC) stabilcoins. The non -profit organization said that they use \u201call means of legal protection\u201d to compensate for assets. \u201cAs part of the completion of the tasks set before the organization, we sometimes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/comments?post=556"}],"version-history":[{"count":1,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/posts\/556\/revisions"}],"predecessor-version":[{"id":557,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/posts\/556\/revisions\/557"}],"wp:attachment":[{"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/categories?post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mtsnurulhudasepakung.com\/index.php\/wp-json\/wp\/v2\/tags?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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